ETRACS MarketVector Business Development Companies Liquid Index ETN (NYSEARCA:BDCZ) Sees Significant Growth in Short Interest

ETRACS MarketVector Business Development Companies Liquid Index ETN (NYSEARCA:BDCZ) saw a significant growth in short interest in December. As of December 31st, there was short interest totaling 511 shares, a growth of 3,830.8% from the December 15th total of 13 shares. Based on an average daily volume of 2,272 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are sold short. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 2,272 shares, the short-interest ratio is presently 0.2 days.

ETRACS MarketVector Business Development Companies Liquid Index ETN Trading Down 0.4%

BDCZ stock opened at $16.55 on Wednesday. The company’s 50 day simple moving average is $16.68 and its 200-day simple moving average is $17.39. ETRACS MarketVector Business Development Companies Liquid Index ETN has a 12 month low of $15.11 and a 12 month high of $20.42.

ETRACS MarketVector Business Development Companies Liquid Index ETN Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 22nd. Shareholders of record on Tuesday, January 13th will be given a dividend of $0.3198 per share. The ex-dividend date of this dividend is Tuesday, January 13th. This represents a $1.28 annualized dividend and a yield of 7.7%.

ETRACS MarketVector Business Development Companies Liquid Index ETN Company Profile

The ETRACS MarketVector Business Development Companies Liquid Index ETN (BDCZ) is an exchange-traded fund that mostly invests in financials equity. The fund tracks an index of at least 25 companies invested in the initial growth stages of small firms. BDCZ was launched on Oct 8, 2015 and is issued by ETRACS.